USDJPY tests the moving average – Analysis - 20-03-2018
Economies.com
2018-03-20 04:30AM UTC
The USDJPY pair begins today’s trading with bullish bias to test the initial key resistance at 106.30, noting that breaching this level will push the price to achieve more gains and test 107.40 as a next station.
Until now, the bearish trend scenario will remain valid unless breaching 106.30 and holding above it, noting that our waited targets begin at 105.54 and extend to 104.62.
Expected trading range for today is between 105.30 support and 107.00 resistance.
Expected trend for today: Bearish
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